Or if they were already in financial trouble and C came in with 1.x liquidation ... | Hacker News

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ska on Nov 28, 2019 | parent | context | favorite | on: After WeWork, SoftBank’s Startup Bookkeeping Draws...

Or if they were already in financial trouble and C came in with 1.x liquidation preference, they get everything (or near it)

user5994461 on Nov 28, 2019 [–]

But A and B would have liquidation preference too, so how is the money split?

ska on Nov 28, 2019 | [–]

A and B may not have it at all, and anyway if C pushed a hard bargain, theirs will come first.

At any rate, the devil is very much in the details.

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